Poor people and risky business
We try to explain why economic conflicts and illegal business often take place in poor countries. We use the concept of subsistence level of consumption (d) and assume a regular concave utility function for consumption levels higher than d. For consumption levels lower than d utility is constant and...
Autor Principal: | |
---|---|
Formato: | Documento de trabajo (Working Paper) |
Lenguaje: | Español (Spanish) |
Publicado: |
Universidad del Rosario
2006
|
Materias: | |
Acceso en línea: | http://repository.urosario.edu.co/handle/10336/10826 |